 Date” the firm you plan to buy for a while before you make a deal. How long you should date depends on the complexity of the deal”Mary Ann Buchanan, CEO, RIA Match |
Time to Combine With Another Financial Adviser? Maybe Not.
Veronica Dagher | Wall Strret Journal, September 2015
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Summary: Some advisers dream of acquiring another practice. Their wish list may include doubling their assets under management and creating a regional or even national presence.Such things are possible if an acquisition goes well. Not every deal is a winner, though. Firm cultures may not mesh, the paperwork may be overwhelming and clients may leave, taking assets with them.
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